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Forex Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

Papua New Guinea Kina/British Pound (FOREX:PGKGBP)

Long-Term Downtrend (-90) - PGKGBP is in a strong downtrend that is likely to continue. While PGKGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid PGKGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for PGKGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_PGKGBP
Open High Low PGKGBP Price Change
0.20322911 0.20322911 0.20322911 0.20322911 0.00000000
Entry Signal

MarketClub’s Trade Triangles for PGKGBP

long term down The long-term trend has been DOWN since May 15th, 2024 at 0.20457613

intermediate term down The intermediate-term trend has been DOWN since May 12th, 2024 at 0.20617932

short term down The short-term trend has been DOWN since May 12th, 2024 at 0.20664783

Smart Scan Analysis for PGKGBP

Based on our trend formula, PGKGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for PGKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20322911 0.20322911 0.20322911 0.20322911 0.00000000
Prev. Close Volume Bid Ask Time
0.20363736 2024-05-16 21:01:29
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